Welcome to the Compound Trading Swing Trade Report Thursday April 12, 2017 (Part B). $NFLX, $TAN, $WYNN, $AXP, $TWLO, $VRX, $GSIT, $ABX, $XME, $URRE, $RIG, $XLE, $SLX, $X.
This swing trading report is Part B of one of five in rotation. Part A went was processed on April 9 and is included in the first part of this report also.
The reports are in the process of upgrades to include buy and sell triggers identified on charting of select instruments that are nearing trade set-ups. The triggers (price and / or other indicators) will also be set to alarm on our charting for attendees to the live trading room and alerts will flash on screen during live trading broadcast. Additionally, the triggers will be buy / sell points for our traders to use as part of the alerts members may receive.
If you need help with a specific trade and the specific trading plan for your swing trade set-up let me know and as I have time I can help you formulate.
When managing your trades with the reports keep in mind that you will have to invest an hour or two a week to check the indicators mentioned for buy and sell triggers.
Swing trading success, even with a service, does require “some” maintenance on the part of the user, although the new live alert service will take much of that burden off the user as we know many of our users have busy lives. It is the indicators lining up that signal a trade long entry or an exit. In our case rely heavily on MACD on daily or weekly (or Stoch RSI and Moving averages) but indicators we are basing our trade entry and exits on are listed with each trade so any user that does even moderate trade management will know when the indicator(s) have turn with or against the trade.
Intra-week you can always DM myself on Twitter or email with specific questions regarding trades you are considering for assistance. But it is critical that you attend to the maintenance of your signals at least once a week if not twice and set stops and preferably alarms so that intra-week you can enter or exit. If nothing else you can always book some coaching time and I’ll assist also (although we are at a point of waiting list for the coaching, at minimum you can get on list or for immediate help as I said please DM or email).
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Newer updates below in red for ease.
Recent Compound Trading Videos and/ or Blog Posts for Swing Traders / Charting Set-Ups:
See You Tube for other recent video posts.
Email us at email@example.com anytime with any questions about any of the swing trades listed below. Or, if we get bogged down private message Curtis in trade room or direct message him on Twitter. Market hours are tough but we endeavor to get back to everyone after market each day.
Stock Pick Coverage:
$NFLX – Netflix
April 9 – $NFLX testing 50 MA support, upside quad wall resistance and trading near main chart pivot decision.
Below is an updated and blown up version of the previous chart posted.
With earnings in seven days… the Netflix chart is on the top of my personal watchlist now, and here’s why;
The really interesting thing here is the bull bear fight in play. If you look close you will see the top of the candles the last 3 days hitting the quad wall resistance (gray dotted) and sitting on 50 MA support on this daily chart (50 MA is an important indicator in swing trading) and most interesting is that trade is near the mid quad main pivot area of the chart (gray horizontal line with gray arrow).
What does this mean?
My Netflix trading plan in bull scenario…. Trade above 300.00 and 20 MA (blue) is a long to 313.92 then 315.92 then 328 area.
And for bearish trade scenario… Trade below 285.00 / 290.00 and 50 MA targets 278.33 then 275.50 then 263.29.
More notes on this trade set-up at next chart below also.
Further to my Netflix swing trading plan… it would be ideal to time a turn up in the MACD. The chart below shows that the Stochastic RSI has already curled up and was near bottom (leading indicator typically and the fact it got so close to the bottom is perfect) and the MACD is near the bottom and so is the Squeeze Momentum Indicator (I would expect this to turn next and then the MACD)
I really like this set-up for a long side trade. Hoping price actions proves this trade set-up out here.
$NFLX Stochastic RSI has turned (leading indicator) with MACD near bottom and SQZMOM near bottom.
Netflix News: Tech Stocks Shine As Nasdaq Jumps 2%; Netflix, Alphabet Lead FANG Stocks https://finance.yahoo.com/m/958e733b-9932-3701-9448-0357fbf249f1/tech-stocks-shine-as-nasdaq.html?.tsrc=rss
Mar 5 – $NFLX How to trade the move with price targets #swingtrading – see feature post link below for complete trade set-up details.
Feb 26 – Feature Post https://compoundtrading.com/trade-momo-move-2/
Jan 23 – $NFLX trading 248.07 in premarket post ER trade extended way above MA’s on daily. Wait for MA bounce structure to setup.
Dec 15 – $NFLX trading 188.30 premarket under 20 and 50 MA with MACD that could turn up.
When price above 20 and 50 MA’s and MACD turns up this likely becomes a long trade. Will post buy/sell triggers as a trade nears. On high watch here.
April 9 – $GSIT at this point is screaming indecisive on all charting indicators reviewed. Wait.
Mar 5 – $GSIT Trading 7.91 with indecisive indicators.
Jan 23 – $GSIT Trading 8.38 with indecisive indicators up decent from mid Aug 2017 lows. Watching.
$AXP – American Express
April 9 – $AXP riding 200 MA with indecisive indicators and earnings in nine days. Wait.
Mar 5 – $AXP Trading 95.74 with indications trending down. Looking for 200 MA test.
Jan 23 – $AXP 50 MA support test with Stoch RSI near bottom and MACD trending down. Watching.
Dec 15 – $AXP trading 97.10 with indicators pointing down – watching for test and bounce of MA’s.
$ABX – Barrick Gold
April 9 – $ABX with earnings in 14 days and trade under 50 MA 200 MA and main pivot it is indecisive. Wait.
Mar 5 – $ABX Trading 11.54 with poor indicators. Watching.
Jan 23 – $ABX trading 14.51 over 50 MA under 20 100 200 MAs. Stoch RSI near bottom. Watching.
April 9 – $TAN swing trade set-up here for long side risk reward with price pinched between 200 MA and main pivot.
The secret to this long side bias trade is to let price prove itself over pivot and the indicators all turned up.
High on my watch list also now. I like this set-up.
$TAN News: Top 5 Alternative Energy ETFs for 2018 https://www.investopedia.com/etfs/top-alternative-energy-etfs/?partner=YahooSA&yptr=yahoo
Mar 5 – $TAN trading 24.31 with indecisive indicators on the daily chart. Watching.
April 9 – $VRX is very indecisive here. No trade alert here.
Mar 5 – $VRX Trading 14.88 under 200 MA with all indicators trending down. Bearish.
Jan 23 – $VRX trading 22.03 with Stoch RSI near bottom but MACD is turned down. Will wait for MACD to curl up. #swingtrading
April 9 – $TWLO indicators on weekly are over extended and downside trade limited imo. No trade yet.
Mar 5 – $TWLO Trading 36.84 very bullish on weekly chart – waiting for pull back. Last report bullish bias was spot on.
Jan 23 – $TWLO Trading 26.24 with Stoch RSI turned back up, MACD trend up, SQSMOM up and price over 20 50 MAs under 100 200 MAs.
This is actually not a bad set-up…. so I will watch.
April 9 – $WYNN trade action has turned indecisive also with earnings in sixteen days I will be watching close.
Mar 5 – $WYNN Weekly chart says caution long as MACD is turned down even though Stoch RSI says short term pop.
Jan 23 – $WYNN trading 195.23 on weekly chart Stoch RSI turned back up with earnings in 2 days.
$XME – SPDR S&P Metals and Mining ETF
April 12 – $XME not far from upside resistance test of 50 MA. Stochastic RSI high but MACD trending up. 50 MA on watch.
Mar 5 – $XME weekly chart says wait for confirmation on Stoch RSI for long bias.
$WWR – Westwater Resources (Previously known as $URRE)
April 12 – Trading down trend long term. No action.
Mar 5 – $WWR Trading .79 with indecisive trade action and indicators. Caution.
April 12 – $RIG This could be $RIG upside run setting up with price above MA’s and MACD trending up. On Watch.
Earnings : Transocean Ltd. Announces First Quarter 2018 Earnings Release Date
Mar 5 – $RIG Trading 9.45 with indecisive indicators under 200 MA.
April 12 – $XLE a very tough trade because it has been range bound. Weekly chart about to test 200 MA.
Over the 200 MA on weekly chart with indicators set up right – with also the daily chart set-up and a trade may trigger.
Related news: These energy stocks stand to benefit from U.S. shale’s best—and worst—days. Occidental, EOG, Andeavor among the Goldman picks helped by improved returns and free cash flow https://www.marketwatch.com/Story/these-energy-stocks-stand-to-benefit-from-us-shales-bestand-worstdays-2018-04-12?&siteid=yhoof2&yptr=yahoo
Mar 5 – $XLE trading 66.44 with indecisive to bearish indicators under 200 MA. Caution.
Jan 23 – $XLE trading 78.03 near previous high break-out. On close watch now. #swingtrading
$SLX – Vaneck Vectors Steel
April 12 – $SLX at a historical primary pivot area indicators indecisive and under 20 MA. Range bound slight uptrend. No trade at this time, however, if fundamentals lined up and technical did I would consider.
Related News: Why It’s Time to Be Cautious on Steel, Steel ETFs https://finance.yahoo.com/news/why-time-cautious-steel-steel-160723425.html?.tsrc=rss
Mar 5 – $SLX trending on daily with indicators indecisive – waiting for a 200 MA test
$X – United States Steel Corp.
April 12 – $X MACD trending down on weekly chart. Squeeze momentum trending down also. No trade.
Mar 5 – Trading 45.39 and exactly the same set-up / indicator scenario as $SLX. Watching.
Sept 23 – $X near historical resistance and previous high break out. On watch now.
Recent Trade Alerts / Chart Set-Up Posts:
$GDX Gold Miners (public alert, not on private Swing Trading Twitter Feed)
1:08 PM – 1 Apr 2018
This, one of the cleanest easiest trades in market. Chart notes. – #GDX chart
— Curtis Melonopoly (@curtmelonopoly) April 1, 2018
11:51 AM – 8 Apr 2018
$GDX 50 MA Test, Structure in Play – One of the Cleanest, Easiest Trades on the Market. See Chart Notes. $NUGT $DUST $JDST $JNUG $GLD #GOLD https://www.tradingview.com/chart/GDX/xqvoPTby-50-MA-Test-Structure-in-Play-Top-10-Easiest-Trades-See-Notes/ …
— Rosie the Gold Algo (@ROSIEtheAlgo) April 8, 2018
2:33 PM – 4 Apr 2018
Citi quad wall & historical support near. 74.46 PT Chart notes. – #C chart
http://www.tradingview.com/chart/C/qRDWOlvu-Citi-quad-wall-historical-support-near-74-46-PT-Chart-notes/ … …
$C Citi at a quad wall and historical support test here. 74.46 June 15 time cycle price target in play. #swingtrading
11:31 AM – 5 Apr 2018
$C Citi 70.75 HOD puts it up on day 2% from yesterday alert. Watch the 200 MA resistance overhead.
9:40 AM – 28 Mar 2018 (originally on daytrading alert feed copied to Swing Trading alert feed also)
Trading 260.41 intra. $SPY Time cycle peak on this simple model is now. If its going to follow channel up it will be soon that it starts. If not, it could be another channel down yet. https://www.tradingview.com/chart/SPY/IDiDMAVs-SPY-Time-cycle-peak-on-this-simple-model-is-now-If-its-going-t/ …
11:28 AM – 5 Apr 2018
$SPY strong trade set-up from recent alerts intra 266.42 with 268.00 resistance on deck.
3:11 PM – 4 Apr 2018
$TSLA long confirming here over 280.55 with 304.17 next resistance 382 Nov 15 price target. https://www.tradingview.com/chart/TSLA/dn8THUSe-TSLA-long-confirming-here-over-280-55-with-304-17-next-resistan/ …
11:23 AM – 5 Apr 2018
$TSLA also blasting here from yesterday’s alert trade hit intra resistance at 299.84 area. Strong set-up.
3:24 PM – 4 Apr 2018
$DIS trading 100.57 has MACD on daily targeting 103.89 110.64 May 30. #swingtrading Other targets noted. https://www.tradingview.com/chart/DIS/241M4TSO-DIS-trading-100-57-has-MACD-on-daily-targeting-103-89-110-64-Ma/ …
11:22 AM – 5 Apr 2018
$DIS swing trade set-up from swing trading report yesterday blasting here. Nice set-up. Trading 101.81 intra-day.
5:56 PM – 26 Mar 2018
$CELG hit last price target – targets 95.90 Apr 3. Chart notes. https://www.tradingview.com/chart/CELG/RwZItPb8-CELG-hit-last-price-target-targets-95-90-Apr-3-Chart-notes/ …
1:21 PM – 8 Apr 2018
$CELG 86s to 91s off alert, buy sell trigger now. Waiting for trade direction triggers. Chart Notes. https://www.tradingview.com/chart/CELG/gdKoFxEq-CELG-86s-to-91s-off-alert-buy-sell-trigger-now-Chart-Notes/
Buy side of $FB has started again in 164 range now… in a snap back long watch 167.50 mid quad resistance very closely.
12:17 PM – 20 Mar 2018
4:43 PM – 20 Mar 2018
$FB bounced off buy side alert earlier in 164s now trading 168.15 above mid quad support. #snapback #trading #alert
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Article Topics; $NFLX, $TAN, $WYNN, $AXP, $TWLO, $VRX, $GSIT. $ABX, $XLE,$XME, $RIG, $SLX, $X, Compound Trading, Swing, Trading, Stock, Picks, Alerts